After jobs report, the bull narrative is winning the argument and could take market to new highs

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div > div.group > p:first-child"> The S&P 500 is about 1.5% from an historic high, and recent data may help make a run at that record.

div > div.group > p:first-child"> The S&P 500 is about 1.5% from an historic high, and recent data may help make a run at that record.

Friday's nonfarm payroll report, with 196,000 new jobs, was above expectations and will go a long way toward quelling fears that U.S. jobs growth is slowing significantly after February's 20,000 print . This will serve to enforce the bull narrative that has come to dominate trading in the past month. The bull narrative is: China and Europe economic weakness is bottoming, there will be a trade deal with little or very low tariffs, earnings growth in the U.S. for 2019 will be in the low single digits, inflation will be moderate , and — most importantly — the chances of a recession in 2020 is very low.

The bear narrative, that China and European economic data has been mixed and does not support claims of a bottom, and that the likelihood of a recession in 2020 is very high, has been losing ground. You can see the dominance of the bull narrative in the trading action. Globally, China is again the big outperformer up 5% this week as the Shanghai Exchange hits a 52-week high:Once again, gainers for the week in the U.S. are all cyclicals like semiconductors and industrials, while laggards are defensive names like utilities and consumer staples.The CBOE Volatility Index is sitting near the lows for the year, a sign traders are not worried about near-term volatility.

 

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CNBCTV18Market Rick Santelli - you think a strong economy is the president's main concern ? Not really, what he cares about most is how good he looks AS president. That's why he is saying there should be more QE .. he thinks it will boost growth and make him look like a genius

Being incredibly gloomy about the economy will not be necessary until January-February of 2020. All the blue players would love this talking pint going into the conventions.

Perhaps after some consolidation first. We have had quite a run since Dec 24th...!

MAGA!!!!!

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Friday's jobs report could eliminate market's recession fearsIf Friday's jobs report is as strong as expected, it could go a long way towards curbing market speculation that a recession is coming and that the Federal Reserve could have to cut interest rates. or, it could? say it now... Not my fears
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »

Stocks coiled to spring higher to new records if Friday's jobs report doesn't bomb againA U.S.-China trade deal, less bad corporate earnings or positive economic reports could all be catalysts to push stocks back to their all-time highs. Oh... totally predictable wild swings in the market brought on by trade tampering Excellent market manipulation for quick trades. But it’s a felony. It's a bubble. When Democrats win on Nov 3 2020 it'll all tank. The white chicken shits are jacking w/democracy and are willing to take Her down over Trump. GOPTraitors Hmmm what happened since last job report? Up up up - if its a bad number then reprint the China trade report (again & again & again) or the reprint the rate cut report, if its a better number then tell us there is no recession. Win Win Win
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »

Cramer: Investor apathy for Lyft is a big positive for this bull marketJim Cramer says Lyft's 'ice cold' entrance to the Nasdaq turns out to be 'great news for the rest of the market because we don't want a flood of hot IPOs.' Valuing a company that makes no money and, by their own admission, may never make any money, at $25 billion is apathy? Wow, do I ever need a mind adjustment. oh thank god - i hope what i lost on $LYFT i can make back on the $SPY hitting ATHs
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »

There are signs that the 10-year bull market for stocks is ending, Jim O'Neill saysFormer Goldman Sachs Asset Management Chairman Jim O'Neill says volatility is doing something it hasn't done for 10 years. Ah Jim O'Neill presided over the WORST investment record of any company. Did anything he supervise make any money?
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »

Job market bounces back in March with 196,000 gain in payrollsNonfarm payrolls were expected to rise by 175,000 and the unemployment rate was projected to hold steady at 3.8 percent, according to economists surveyed by Dow Jones. Austin Goolsberry is an old hack, as he was always extremely positive on Obama’s economy, he never does now. Negative for political reasons.
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »

Payrolls post another disappointing month in March as job market keeps slowingJob growth hit an 18-month low in March amid increasing signs that the hiring boom may be running out of steam. Better deport more Hispanics so there are more jobs nobody wants. but Trump said everything is great .realDonaldTrump womp womp
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »